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Message: [QUOTE="uppression, post: 6867303, member: 1032861"] My goals in 2024 are to improve my game selection and bankroll management. I've played around with the Kelly calculator for a while and I think I am finally making sense of it for MTTs. It seems reasonable to use past performance as a starting point. In 2023 I played 175 events with a 37% ROI and 12.5% ITM. My average buy in was $206 and average cash out was $2225. I used the Albion research Kelly criterion calculator with the following parameters. [LIST] [*]Bankroll: 1000 [*]Odds offered: 2225:206 (my average cash over my average buy in) [*]Estimated probability of winning: 12.5% (my ITM) [*]Bets must be in multiples of: $1 [*]Minimum Bet: $200 (The buy in for the tournaments I play) [/LIST] The results are to risk 4.4% of my bankroll at full Kelly, 2.2% at half Kelly and 1.1% at quarter Kelly. [/QUOTE]